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| Cemex to invest $50 million in the UAE Cemex, S.A. de C.V. intends to begin construction of a new grinding facility for cement and slag in Dubai, United Arab Emirates, in order to help meet increased local demand. The construction of the grinding facility will increase commercial and production capacity in the region to 1.6 million metric tons of cement. The estimated investment in the new facility is US$50 million and is part of a Cemex worldwide $500 million expansion capital program planned for 2006. Since January 2006, Cemex's commercial cement operations have been supplying cement thru the Corregidora silo ship to Cemex Ready Mix operations and other customers in the United Arab Emirates. The project is expected to be completed and fully operational by mid 2007. write your comments about the article :: © 2006 Construction News :: home page |